Concordia Healthcare Corp. T.CXR.R

TD down grade cxr to from 2.50 to $1

[mingzhu]

• TD Securities lowered the price target for Concordia International Corp CXRX 22.92% from $2.50 to $1. Concordia shares closed at $3.49 on Tuesday.

i like to know what rationals for the down grade.

[Marky2]

Since this downgrade occurred Wednesday morning at 8.15.    I guess we can conclude that this was the factor that brought the SP severely down on Wed.   I certainly do not agree with this downgrade since they have shown that they are financially sound by paying what they owed out of money on hand and the fact that before today's disaster the stock price has appreciated 88% in

[stockefeller]

Just to be clear...  TD downgraded CXR and then was the largest buyer of CXR the last 2 days? Can someone confirm that? How does this happen and nobody raises an eyebrow? Haha

[bull_man]

just a warning guys....not sure if you've been watching CNN; trump and his cast have said time and time again, there will be an all-out war on pharmaceuticals, and given CXR's massive debt load, thus the $2.50 to $1.00 downgrade, with more to come; chapter 11 is around the corner people.

[woundedknee]

I thought this was a long hold, but i sold yesterday and was lucky enough to make a few quick bucks on this. Just remember, analysts are not God. They were very negative on so many stocks that have turned around and doubled or tripled in price. Eg, Barrack Gold & Teck  just to name a couple. I don't know how chapter 11 can be around the corner when millions in debts are paid from

[bull_man]

come on woundedknee, with a market cap of only $160M and a debt load of $3.2B, and only $135M of cash on the balance sheet, free cash flow of only $325M that will dwindle down dramatically once trump and friends apply laws against price gauging on pharmas, chapter 11???

[Lumberfeverlong]

They raised $330M a few months ago and had another $162M in cash before the raise.  Where the F#$%^K do you get $135M of cash? They easily have over $300M of cash in the bank now and your free cash flow number is mere speculation at this point.  Even at $325M, it is $50M more than they need  to service their debt.

[lnvestor198]

Lumber, they did not state how much cash on hand they had in their most recent press release (which was odd since they did say how much cash on hand they had in prior press releases).  Because they didn't say, think that its best to not speculate about the value in case you mislead others.   Guidance has not been provided so there is no way of knowing if they can service their debt.

[Lumberfeverlong]

No, I wouldn't say my statements are ironic, but I would say your statements are intended to be misleading.

[SkipperT]

The rational is that TD wanted the sp down so they could stocck up at a cheaper price. If they are calling for a downgraded and buying at the same time there is no other rational. Banks and Analysts are the worst when it comes to bashing and pumping to help themselves.

[zone1]

Absolutely correct. This is legalized stealing. Nothing more; nothing less. And there are no repercussions.